Uptrending hourly cycles, as noted yesterday, brought continued gains. S&P futures went as high as 2835, encountered the resistance and declined to 2808 finally closing higher at 2824. Hourly cycles are uptrending for some more time tomorrow.
US Dollar Index closed higher at 96.31. Buy signal continues and cycle is uptrending.
February housing starts fell 8.7%. FHFA home price index moved higher by 0.6% and Case-Shiller 20-city home price index increased by 0.1% in January. March consumer confidence dropped to 124.1.